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What are the reasons for the decline of traditional banking?
Adjusting Entry
At the close of an accounting period, journal entries are recorded to appropriately distribute income and expenses to the period they occurred.
Office Supplies
Consumable items used in offices for daily operations, such as paper, pens, and staplers.
Debit Balance
An excess of debits over credits in an account, indicting expenses, assets, or losses.
Adjusting Entries
Entries in accounting journals, made at the termination of an accounting cycle, serve to apportion incomes and outlays to their actual occurrence period.
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